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plan is working. >> all right, let's bring in our chief business and economics correspondent rebecca jarvis tonight. rebecca, where are the jobs? and how does this complicate efforts by the fed moving forward? >> reporter: the hiring is widespread, across nearly every industry. by far the strongest is leisure and hospitality, which added more than 100,000 jobs with americans continuing to spend money on travel and dining out. professional jobs, despite the fact that we've seen those layoffs at major tech companies, hold strong, as well as government and health-care jobs. and this report is really a signal that the fed's eight interest rate hikes in a row have not led, as of yet, to any kind of recession or major instability in the economy, and it really, david, acts as a green light to the federal reserve to continue hiking interest rates ahead in its fight against inflation. david? >> continues to be the good news against the bad news, the balancing act. >> reporter: yes. >> rebecca, thank you again tonight. >>> now to the other news in the trial against alex murdaugh, accused of murdering
plan is working. >> all right, let's bring in our chief business and economics correspondent rebecca jarvis tonight. rebecca, where are the jobs? and how does this complicate efforts by the fed moving forward? >> reporter: the hiring is widespread, across nearly every industry. by far the strongest is leisure and hospitality, which added more than 100,000 jobs with americans continuing to spend money on travel and dining out. professional jobs, despite the fact that we've seen those...
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rebecca jarvis breaking it down. >>> the murdaugh double murder trial. what a ballistics expert acknowledged today. >>> and tonight, the story of alex murdaugh's housekeeper dying in a fall at the home. what the family says they never knew. prosecutors say murdaugh got a $5 million payout from a policy that covered the housekeeper's fall. will the jury hear abo >>> robin roberts tonight and her epic jump. robin from new zealand, the birthplace of the bungee jump. tonight, the lesson on conq conquering fear. >>> good evening. great to have you with us on a friday night. almost to the weekend, but it will be brutally cold, dangerous, life-threatening cold. the readings coming in right now, and where the wind chill is already more than 100 degrees below zero. >>> but we begin with the chinese spy balloon hovering over the u.s. china claiming it is a weather balloon that blew off course. u.s. believing it is being maneuvered by china. today spotted over missouri. where is it tonight? and where u.s. authorities believe it's headed. first sitings over billings
rebecca jarvis breaking it down. >>> the murdaugh double murder trial. what a ballistics expert acknowledged today. >>> and tonight, the story of alex murdaugh's housekeeper dying in a fall at the home. what the family says they never knew. prosecutors say murdaugh got a $5 million payout from a policy that covered the housekeeper's fall. will the jury hear abo >>> robin roberts tonight and her epic jump. robin from new zealand, the birthplace of the bungee jump....
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Feb 17, 2023
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chief economics correspondent rebecca jarvis has the story. good morning, rebecca. ,geor gong. btverall. thiexosion in credit card balances especially have trli. that's not only the highest ever according to the federal reserve bank of new york. it was also the biggest yearly increase on record up $130 billion. so, what is driving this jump? it shouldn't be a big surprise to anyone out there. inflation and rising interest rates are the two big culprits. you pay more at the grocery store, your credit card bills go up and then at the same time the fed is hiking interest rates to eventually push prices lower. in the meantime, you owe more on your credit card bill. in real terms the average household is carrying about $6,500 in credit card debt with an average apr of 20%. that is the highest in almost four decades and what is troubling now is that credit card delinquencies, people who are 90 days' behind on their payments, those are also going up and they are now higher than they were pre-pandemic, especially, george, among younger borrowers. >> wow, $6,500, that's higher than i th
chief economics correspondent rebecca jarvis has the story. good morning, rebecca. ,geor gong. btverall. thiexosion in credit card balances especially have trli. that's not only the highest ever according to the federal reserve bank of new york. it was also the biggest yearly increase on record up $130 billion. so, what is driving this jump? it shouldn't be a big surprise to anyone out there. inflation and rising interest rates are the two big culprits. you pay more at the grocery store, your...
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our chief business correspondent rebecca jarvis has more on how that could impact your bottom line. o you, rebecca. >> reporter: good morning to you, linsey. you don't have to own a single stock for this to have an impact on your bottom line. keep in mind, this is all about lowering and targeting inflation. the fed has now hiked rates eight times in a row to that end, and it's starting to work but the job isn't finished. for example, at the grocery store you're still paying about 10.5% more on that food than you were a year ago. so, what does this interest rate hike, 25 basis points, mean in real terms? it means your credit card debt is getting more expensive. on the average credit card balance, $6,400, you're going to owe about $123 more after this interest rate hike. as far as that mortgage rate is concerned, if you're trying to buy a home, analysts do not see it having a major impact but rates are already up now to 6% from 4% a year ago, so it costs you more to buy a home. finally if you're a saver, you get paid more on that account and the high yield savings accounts, fdic insure
our chief business correspondent rebecca jarvis has more on how that could impact your bottom line. o you, rebecca. >> reporter: good morning to you, linsey. you don't have to own a single stock for this to have an impact on your bottom line. keep in mind, this is all about lowering and targeting inflation. the fed has now hiked rates eight times in a row to that end, and it's starting to work but the job isn't finished. for example, at the grocery store you're still paying about 10.5%...
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let's get a reality check on the economy from rebecca jarvis. ning, rebecca. >> reporter: good morning to you, george. we have to take a look at a handful of factors. first of all, the good news. the good news here is unemployment is near historic lows as you just heard from mary there. you can see that in the pandemic peak it was high before president biden took office. the rate was 6.7%, today it is 3.4%. most industries are also hiring, especially leisure and hospitality, professional and health care. they all added jobs in january and there are two job openings now for every job seeker. employers are raising wages to attract workers. now, here's why maybe people aren't feeling as optimistic. this is the bad news. once you factor in inflation, real wages are down 3.1% from a year ago and that is because families are paying about $317 more every month on the same goods and services as they did a year ago and that inflation isn't just because of goods like your groceries, but services, this is what the fed calls super core inflation like school
let's get a reality check on the economy from rebecca jarvis. ning, rebecca. >> reporter: good morning to you, george. we have to take a look at a handful of factors. first of all, the good news. the good news here is unemployment is near historic lows as you just heard from mary there. you can see that in the pandemic peak it was high before president biden took office. the rate was 6.7%, today it is 3.4%. most industries are also hiring, especially leisure and hospitality, professional...
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Feb 27, 2023
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also, we need to mention another big winner this weekend, rebecca jarvis.w you created and executive produced, "the dropout" won for best limited series. congratulations. [ applause ] >> it was -- that team, such an incredible team that put together "the dropout" here at abc news and with searchlight and hulu, and of course, i missed the actual celebration because it was my daughter's kids birthday this weekend. we rang it in at the gym, the kid's gym. >> well-deserved wherever you did it. >> thank you so much. >> you have your priorities straight. congratulations. >> thank you, george. >> you do. >> thank you, robin. >>> coming up, a security feature on phones to gain access to victims' entire digital lives. we'll tell you what you need to know. >>> first let's go back to ginger. >> let's get a check now a little closer to home. lisa: good monday morning. storm impact scale level 1 system with heavy downpours and gusty winds. cold front will push through rapidly. snow levels are lowering today and more tomorrow. winter weather advisory above 3000 feet. a t
also, we need to mention another big winner this weekend, rebecca jarvis.w you created and executive produced, "the dropout" won for best limited series. congratulations. [ applause ] >> it was -- that team, such an incredible team that put together "the dropout" here at abc news and with searchlight and hulu, and of course, i missed the actual celebration because it was my daughter's kids birthday this weekend. we rang it in at the gym, the kid's gym. >>...
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Feb 27, 2023
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rebecca jarvis created a produced that. it was a historic make for the film everything, everywhere all at once. it slipped all major categories from including the award for best cast in a motion picture. the film's two lead actors took home the top acting awards. these big words correctly told winners in the acting categories that the oscars newly 75% of the time. you still have time to catch up on those oscar-nominated from spirit awards with were that sunday, march 12 at 5:00 p.m. kumasi: this is exciting. reggie: my winners had better when lisa: rain moving into the far north bay. you have a little time but you may want to of yourself extra time, because the radar is beginning to fill in. you look at fortenner, bodega bay. here seeing light precipitation, the you will want to get your best to your destination before we get to those heavy downpours. midmorning toward late morning in the east bay and santa cruz not scared mid 30's to upper 30's. cold air is in place. i had to scrape my windshield this morning. dusty southe
rebecca jarvis created a produced that. it was a historic make for the film everything, everywhere all at once. it slipped all major categories from including the award for best cast in a motion picture. the film's two lead actors took home the top acting awards. these big words correctly told winners in the acting categories that the oscars newly 75% of the time. you still have time to catch up on those oscar-nominated from spirit awards with were that sunday, march 12 at 5:00 p.m. kumasi:...
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Feb 22, 2023
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rebecca jarvis back with the details. oyers and they found overwhelming success with a four-day workweek. people in the study had to commit to giving 100% in those four days so that you wouldn't notice any losses in their overall productivity. 92% voted in favor of keeping a four-day workweek after six months of trying. the revenue at the companies rose 1.4% and staff leaving declined by 57%. >> well, we've seen a version of this here in the u.s. coming out of the pandemic with people working some days at home and some days in the office. how likely is a four-day workweek here? >> not a chance. no, i'm kidding. [ laughter ] we're different here in the u.s. no, the bottom line is they have tried it here in the u.s., and the good news is that overall when you look at this study even in the uk, 90% of the people want to keep that workweek. 71% say it reduces burnout. 15% say that no amount of money could keep them from returning to a five-day workweek. so all that is good. the issue is culture and you really have to change th
rebecca jarvis back with the details. oyers and they found overwhelming success with a four-day workweek. people in the study had to commit to giving 100% in those four days so that you wouldn't notice any losses in their overall productivity. 92% voted in favor of keeping a four-day workweek after six months of trying. the revenue at the companies rose 1.4% and staff leaving declined by 57%. >> well, we've seen a version of this here in the u.s. coming out of the pandemic with people...
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Feb 18, 2023
02/23
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here's rebecca jarvis. >> they turned into this sprawling bizarre, often frightening conversation. >>times columnist kevin roost writing about an unsettling experience after two hours of testing microsoft's a.i. power chat box for search engine binge. >> almost the other side of a split personality where it was not trying to sort of be a helpful assistant. >> at first, the chat box, a computer program designed to simulate conversation seemed useful. then things took a surreal turn. >> it was moody. >> bottom seemed to be expressing feelings of sadness and yet also declaring his love for him and commenting on his marriage replying you're married but you're not happy. you're married but you're not satisfied. >> it told me that it had dangerous and dark fantasies about spreading misinformation or propaganda even hacking into banks or nuclear sights. >> it added in this process, binge said in long extended chat sessions of 15 or more questions binge can be repeative and be provoked to give responses that are in line with our designed tone. >> we're going to breakaway because oakland polic
here's rebecca jarvis. >> they turned into this sprawling bizarre, often frightening conversation. >>times columnist kevin roost writing about an unsettling experience after two hours of testing microsoft's a.i. power chat box for search engine binge. >> almost the other side of a split personality where it was not trying to sort of be a helpful assistant. >> at first, the chat box, a computer program designed to simulate conversation seemed useful. then things took a...
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chief economic correspondent rebecca jarvis is on wall street with that this morning. morning, rebecca. >> reporter: good morning, juju. the goal today is a goldilocks jobs report. not too hot, not too cold. instead, analysts got a blowout. 517,000 jobs added in the month of january well above expectations. the unemployment rate ticking lower to 3.4%. that is the lowest rate of unemployment for the united states since 1969, and everyone is watching this report carefully because it feeds into inflation. when we have more money as american consumers and saipend that money, it can spend prices higher. the fed is very aware of this, and they're very concerned about a too strong jobs market. of course, they want to see people employed, but they don't the state of the economy isthnd itself to higher prices, which are already costing american families $371 more a month on the same goods and services. the next report on inflation comes on valentine's day, and i'm sure the fed will love it. michael? >> thank you so much, rebecca. >>> now let's turn to the countdown to the super
chief economic correspondent rebecca jarvis is on wall street with that this morning. morning, rebecca. >> reporter: good morning, juju. the goal today is a goldilocks jobs report. not too hot, not too cold. instead, analysts got a blowout. 517,000 jobs added in the month of january well above expectations. the unemployment rate ticking lower to 3.4%. that is the lowest rate of unemployment for the united states since 1969, and everyone is watching this report carefully because it feeds...
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. >> can give anotes to alth -the th'r i know rebecca jarvis uses them. i use them. robin does.ia rose. those are so gorgeous. their quartz gemstone collection, a rainbow of colors. literally every color. these are gorgeous. there are two different styles to choose from. they're lightweight french ear wire looks delicate and beautiful on anyone. our deal, $35. >> great gift too. >> really great. >> let's wrap it up. >> oh, look at you. tourance, this is their brand-new very chic shawl but it's versatile. you can wear this four ways, lara -- shawl, scarf, wrap or poncho. very soft. this faux fur softness around the collar is great and then also it's a cotton wool blend so it's great for warmth. this is fabulous for travel sitting in a cold office. it's a brand that we learned from oprah is one of her favorites. our deal today, $49. >> very cozy. >> very cozy. speaking of cozy -- >> yes, good transition. >> cozy earth. we have a huge assortment of bedding. we've got their bamboo bedding, their linen bedding, plus we've got all their towels, you're a fan of the plush. we've got the
. >> can give anotes to alth -the th'r i know rebecca jarvis uses them. i use them. robin does.ia rose. those are so gorgeous. their quartz gemstone collection, a rainbow of colors. literally every color. these are gorgeous. there are two different styles to choose from. they're lightweight french ear wire looks delicate and beautiful on anyone. our deal, $35. >> great gift too. >> really great. >> let's wrap it up. >> oh, look at you. tourance, this is their...